Sheridan Setterberg Memorial Tr Scholarship Fund

Burlington, IA
Tax-exempt since June 2010
EIN: 27-6232820

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$13k (2024)

Expenses

$9.98k (2024)

Total Assets

$157k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$13,002

Expenses

$9,978

Net Income

$3,024

Net Assets

$157,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,054	31.2%
Sales of Assets	$6,184	47.6%
Other Income	$2,764	21.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,564	85.8%
Compensation of Officers*	$2,064	20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$157,053
Total Liabilities	$0
Net Assets	$157,053

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$2,064	$0

990-PF

Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,000

Expenses

$7,617

Net Income

-$5,617

Net Assets

$154,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,966	> 100%
Sales of Assets	-$1,966
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,726	88.3%
Compensation of Officers*	$1,876	24.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$154,029
Total Liabilities	$0
Net Assets	$154,029

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,876	$0

990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$8,702

Expenses

$8,952

Net Income

-$250

Net Assets

$159,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,469	39.9%
Sales of Assets	$5,233	60.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,371	82.3%
Compensation of Officers*	$1,992	22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$159,646
Total Liabilities	$0
Net Assets	$159,646

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,992	$0

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$23,845

Expenses

$11,377

Net Income

$12,468

Net Assets

$159,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,712	15.6%
Sales of Assets	$20,133	84.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,845	86.5%
Compensation of Officers*	$2,141	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$159,896
Total Liabilities	$0
Net Assets	$159,896

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$2,141	$0

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

-$2,986

Expenses

$10,506

Net Income

-$13,492

Net Assets

$147,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,765
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,091	86.5%
Compensation of Officers*	$1,933	18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$147,428
Total Liabilities	$1
Net Assets	$147,427

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,933	$0

990-PF

Filed on May 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$8,215

Expenses

$8,386

Net Income

-$171

Net Assets

$160,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,625	44.1%
Sales of Assets	$4,590	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,918	82.5%
Compensation of Officers*	$1,886	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$160,920
Total Liabilities	$1
Net Assets	$160,919

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,886	$0

990-PF

Filed on May 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$13,693

Expenses

$8,778

Net Income

$4,915

Net Assets

$161,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,791	56.9%
Sales of Assets	$5,902	43.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,491	85.3%
Compensation of Officers*	$1,831	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$161,091
Total Liabilities	$0
Net Assets	$161,091

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,831	$0

990-PF

Filed on May 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$11,022

Expenses

$11,250

Net Income

-$228

Net Assets

$156,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,048	27.7%
Sales of Assets	$7,974	72.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,879	87.8%
Compensation of Officers*	$1,800	16.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$156,176
Total Liabilities	$0
Net Assets	$156,176

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,800	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2016

Revenue

$3,759

Expenses

$8,757

Net Income

-$4,998

Net Assets

$156,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,252	86.5%
Sales of Assets	$507	13.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,541	86.1%
Compensation of Officers*	$1,716	19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$156,404
Total Liabilities	$0
Net Assets	$156,404

Compensation

Key Employees and Officers	Compensation	Other
Farmers Merchant Bank Trust (Trustee)	$1,716	$0

990-PF

Filed on May 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

-$1,831

Expenses

$12,503

Net Income

-$14,334

Net Assets

$161,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,846
Sales of Assets	-$5,677
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,602	84.8%
Compensation of Officers*	$1,797	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$161,355
Total Liabilities	$0
Net Assets	$161,355

Compensation

Key Employees and Officers	Compensation	Other
F M Bank Trust (Trustee)	$1,797	$0

990-PF

Filed on May 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$36,297

Expenses

$9,242

Net Income

$27,055

Net Assets

$175,689

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,164	11.5%
Sales of Assets	$32,133	88.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,550	70.9%
Compensation of Officers*	$1,766	19.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$175,689
Total Liabilities	$0
Net Assets	$175,689

Compensation

Key Employees and Officers	Compensation	Other
F M Bank Trust (Trustee)	$1,766	$0

990-PF

Filed on May 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$10,256

Expenses

$7,526

Net Income

$2,730

Net Assets

$148,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,405	23.4%
Sales of Assets	$7,851	76.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,413	71.9%
Compensation of Officers*	$1,657	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,634
Total Liabilities	$0
Net Assets	$148,634

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,245

Expenses

$10,019

Net Income

-$5,774

Net Assets

$145,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,377	32.4%
Dividends	$1,072	25.3%
Sales of Assets	$1,796	42.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,965	69.5%
Compensation of Officers*	$1,496	14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$145,904
Total Liabilities	$1
Net Assets	$145,903

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2011

Revenue

$11,068

Expenses

$5,404

Net Income

$5,664

Net Assets

$151,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,574	14.2%
Dividends	$1,745	15.8%
Sales of Assets	$7,749	70.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,540	65.5%
Compensation of Officers*	$1,516	28.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$151,678
Total Liabilities	$0
Net Assets	$151,678

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Sheridan Setterberg Memorial Tr Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $13k (2024)

Expenses $9.98k (2024)

Total Assets $157k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$13k (2024)

Expenses

$9.98k (2024)

Total Assets

$157k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010